Africa Accounts for only 2% of Trading in the Global Carbon Market
According to a World Bank report released last year, “State and Trends of Carbon Pricing 2020”, there has been significant progress in the fight against global warming, but there is much more to be done. More than 70 countries have committed to working toward net zero emissions by 2050, and to enhance their international climate […]
Small and Medium Enterprises Confidence in Sub-Saharan Africa is on the Rise
The inaugural Middle East and Africa (MEA) SME Confidence Index found 74 percent of SMEs in Sub-Saharan Africa are optimistic about the next 12 months. In fact, 68 percent of SMEs in Sub-Saharan Africa are projecting revenues that will either grow or hold steady. And 48 percent of them are projecting an increase. As many […]
Chocolate Makers Called Out for Paying Less than African Producers Deserve
A cocoa pricing agreement designed to protect farmers in Côte d’Ivoire and Ghana from destitution is being circumvented by multinationals, the main buyers of cocoa beans. The US multinational Mondelz, for instance, was recently accused of paying a negative country differential. Last year another US firm, Hershey, bought from futures exchanges to avoid paying the […]
Ugandan Environmentalist Finds Novel Way to Reduce Plastic Waste
He collects discarded bags and bottles and upcycles them into new products, such as tables and fence poles. In the neighborhood of Nsambya, a landfill site is an ugly spot on the landscape. But it’s also a source for an emerging business. An environmental entrepreneur has setup a collection point near here, determined to turn […]
A New Era of East African Trade
UAE port operator DP World and the government of Somaliland opened a new container terminal in the Berbera port this week. The new terminal increases the port’s container capacity from 150,000 Twenty-Foot Equivalent Units (TEUs) to 500,000 TEUs annually, and is the first phase in a broader expansion that aims to position Berbera port as […]
A Tale of Plunder and Looting of Resources Meant to Develop Zimbabwe
Zimbabwean tycoon Kudakwashe Tagwirei used connections with government leaders and central bank officials to gain access to hard currency and shield assets from the U.S. Treasury, according to a report by a private anti-corruption group. Tagwirei, who was sanctioned by the U.S. in 2020 for corruption, “appears to have the ability to contact senior civilian […]
Nigeria’s Leading Industrialists Wooed by France
At the 4th edition of the Choose France International Business Summit, which commenced Monday in Versailles, France, the French president was spotted with some of Nigeria’s prominent businessmen, including Aliko Dangote, Tony Elumelu, Abdul Samad Rabiu, and Mike Adenuga. The Nigerian billionaires attended the summit as part of the France-Nigeria Business Council led by Abdul […]
Users of Mobile Internet in Africa are Getting Comparatively Low Value for Money
The high prices that people in Africa pay for the internet are rarely matched by the connection speeds. This is according to a report by Speedcheck, a website that allows users to test the speed of internet connections, on the relationship between the price of mobile data and the speeds at which carriers deliver the […]
Cartoon Network Africa Gets Weirdly Wonderful With Launch Of Brand-New Local Show, My Cartoon Friend!
If you thought Cartoon Network couldn’t possibly pull another trick out of the hat, then you better think again because things just keep getting better and more local in Cartoon Network land. To get the school holidays off to a fresh start, Cartoon Network will be launching My Cartoon Friend, a brand-new channel original show, on Monday, […]
Jiji To Welcome Cars45 Users In Africa
Jiji, the largest online marketplace in Africa, has reached an agreement to merge operations with the leading used car sales platform Cars45, creating a new and leading pan-African car buying and selling business. Jiji, supported by Lemma.Group, and Cars45 today announced that both companies had reached an agreement, under which they will merge their operations […]
